Today's Times' editorial page takes a swipe at "risky mortgages." Seems that many homeowners are choosing not to put money down and/or making only partial payments on their interest-only loans. Sacre bleu! Why were we not informed of these outrageous practices? Thankfully, the the Times has a solution: Congress and "regulators" must "pay more attention" to this problem. Hallelujah! We are saved!
· Risky Mortgage Business [NY Times]